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If the reserve requirement ratio (rr) equals 0.1, how much will M1 increase following a deposit of $100 cash into the private banking system? Assume
If the reserve requirement ratio (rr) equals 0.1, how much will M1 increase following a deposit of $100 cash into the private banking system? Assume banks do not hold any excess reserves. Report your answer as an integer, and do not include the $ sign.
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